Elmore (postcode 3558) is a small community in Victoria within the Greater Bendigo local government area. With a population of 847, the suburb has an older-leaning population with a median age of 52. Households earn a median income of $47K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Elmore stand at $324,000, having declined steeply by 9.5% over the last twelve months. The current median weekly rent is $493. This gives a gross rental yield of approximately 7.9%. The median monthly mortgage repayment is $1,083.
Elmore is served by 2 schools, including 2 primary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 2 rail stations, 1 bus stop. The crime rate in the Greater Bendigo LGA is higher than average at 9,898 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.9% (high yield). Property prices sit below the state median ($324K/$850K), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -9.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.